Thomson Reuters (TSE:TRI) Given a C$200.00 Price Target by TD Analysts

by · The Markets Daily

Thomson Reuters (TSE:TRI – Get Free Report) (NYSE:TRI) has been assigned a C$200.00 target price by research analysts at TD in a report released on Thursday, BayStreet reports. The brokerage currently has a “buy” rating on the stock. TD’s price objective indicates a potential upside of 49.80% from the stock’s previous close.

Separately, National Bank Financial upped their price objective on Thomson Reuters from C$171.00 to C$180.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$166.33.

Read Our Latest Research Report on Thomson Reuters

Thomson Reuters Stock Performance

Shares of TRI traded down C$0.44 during mid-day trading on Thursday, hitting C$133.51. 254,235 shares of the company traded hands, compared to its average volume of 795,459. The stock has a market cap of C$57.84 billion, a price-to-earnings ratio of 35.54, a P/E/G ratio of 3.64 and a beta of 0.07. The stock has a 50-day moving average price of C$138.66 and a two-hundred day moving average price of C$128.74. Thomson Reuters has a 1 year low of C$107.91 and a 1 year high of C$241.11. The company has a debt-to-equity ratio of 28.56, a quick ratio of 0.52 and a current ratio of 0.51.

Thomson Reuters (TSE:TRI – Get Free Report) (NYSE:TRI) last issued its earnings results on Wednesday, August 5th. The company reported C$1.41 earnings per share (EPS) for the quarter. Thomson Reuters had a net margin of 21.22% and a return on equity of 14.27%. The company had revenue of C$2.78 billion for the quarter. Equities analysts anticipate that Thomson Reuters will post 5.6395803 earnings per share for the current year.

Insider Activity

In related news, insider The Woodbridge Company Limited sold 120,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of C$148.19, for a total transaction of C$17,782,800.00. Following the completion of the transaction, the insider directly owned 306,223,126 shares in the company, valued at approximately C$45,379,205,041.94. The trade was a 0.04% decrease in their position. Also, insider David Franklin Wong sold 2,701 shares of the stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of C$139.79, for a total transaction of C$377,572.79. Following the completion of the sale, the insider directly owned 19,147 shares of the company’s stock, valued at C$2,676,559.13. This represents a 12.36% decrease in their ownership of the stock. Insiders have sold a total of 269,950 shares of company stock valued at $39,594,818 in the last ninety days. Corporate insiders own 69.76% of the company’s stock.

Thomson Reuters Company Profile

(Get Free Report)

Thomson Reuters (TSX/Nasdaq: TRI) powers business-critical professions with trusted AI technology built for high-stakes work. The company serves professionals across legal, tax, audit, accounting, compliance, government, and media with products that combine highly specialized software, authoritative content, and deep domain expertise. Reuters, part of Thomson Reuters, is a world-leading provider of trusted journalism and news.

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